Mackenzie Financial Corp Purchases 558 Shares of Burlington Stores, Inc. (NYSE:BURL)

Mackenzie Financial Corp raised its position in Burlington Stores, Inc. (NYSE:BURL) by 12.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 5,078 shares of the company’s stock after acquiring an additional 558 shares during the period. Mackenzie Financial Corp’s holdings in Burlington Stores were worth $1,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC boosted its stake in Burlington Stores by 258.6% in the 1st quarter. Golden State Wealth Management LLC now owns 104 shares of the company’s stock worth $25,000 after purchasing an additional 75 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Burlington Stores during the fourth quarter valued at about $75,000. Blue Trust Inc. increased its position in shares of Burlington Stores by 35.9% during the first quarter. Blue Trust Inc. now owns 352 shares of the company’s stock valued at $84,000 after buying an additional 93 shares during the period. Fifth Third Bancorp increased its position in shares of Burlington Stores by 19.8% during the first quarter. Fifth Third Bancorp now owns 514 shares of the company’s stock valued at $123,000 after buying an additional 85 shares during the period. Finally, UMB Bank n.a. increased its position in shares of Burlington Stores by 105.1% during the first quarter. UMB Bank n.a. now owns 605 shares of the company’s stock valued at $144,000 after buying an additional 310 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BURL shares. Robert W. Baird decreased their price target on Burlington Stores from $335.00 to $325.00 and set an “outperform” rating on the stock in a research report on Friday, May 30th. Evercore ISI decreased their price target on Burlington Stores from $345.00 to $310.00 and set an “outperform” rating on the stock in a research report on Friday, May 30th. Telsey Advisory Group reiterated an “outperform” rating and set a $300.00 price target (down from $340.00) on shares of Burlington Stores in a research report on Thursday, May 29th. UBS Group set a $390.00 target price on Burlington Stores and gave the stock a “buy” rating in a research note on Monday, July 14th. Finally, The Goldman Sachs Group decreased their target price on Burlington Stores from $317.00 to $316.00 and set a “buy” rating on the stock in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $317.57.

Insider Transactions at Burlington Stores

In other news, CAO Stephen Ferroni sold 450 shares of the company’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $241.39, for a total value of $108,625.50. Following the completion of the transaction, the chief accounting officer directly owned 2,389 shares in the company, valued at approximately $576,680.71. This represents a 15.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Jennifer Vecchio sold 420 shares of the company’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $236.64, for a total value of $99,388.80. Following the completion of the transaction, the chief marketing officer owned 65,429 shares of the company’s stock, valued at $15,483,118.56. The trade was a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Burlington Stores Price Performance

BURL opened at $281.03 on Tuesday. The stock has a 50-day moving average price of $248.55 and a 200-day moving average price of $247.62. Burlington Stores, Inc. has a 12-month low of $212.92 and a 12-month high of $298.89. The company has a current ratio of 1.06, a quick ratio of 0.39 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $17.73 billion, a P/E ratio of 34.48, a PEG ratio of 2.38 and a beta of 1.69.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, May 29th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.17. Burlington Stores had a return on equity of 44.03% and a net margin of 4.88%. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the business earned $1.35 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Burlington Stores Profile

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.